Khyber Pakhtunkhwa chief minister reaches Peshawar hours after party reports him ‘missing’ from Islamabad 

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Updated 10 September 2024
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Khyber Pakhtunkhwa chief minister reaches Peshawar hours after party reports him ‘missing’ from Islamabad 

Khyber Pakhtunkhwa chief minister reaches Peshawar hours after party reports him ‘missing’ from Islamabad 
  • Key Imran Khan ally CM Ali Amin Gandapur ‘missing since 7pm’ on Monday, PTI spokesman says 
  • Several PTI leaders detained in late night swoops on PTI members day after rally to demand Khan’s release

ISLAMABAD: The brother of Ali Amin Gandapur, a senior leader of the Pakistan Tehreek-e-Insaf (PTI) party who is the chief minister of the northwestern Khyber Pakhtunkhwa province, said on Tuesday he had established contact with the leader who had been “missing” since Monday evening when he was invited to the capital for an official meeting.

Reports of Gandapur’s ‘disappearance’ emerged as PTI Chairman Gohar Khan and other members of the party were detained in late night arrests in Islamabad over charges of violating a new law to regulate public gatherings in the Pakistani capital.

“Established contact with brother who after a hectic prolonged meeting on law and order [in Islamabad] has now entered his own province [Khyber Pakhtunkhwa],” PTA MNA Faisal Amin Khan, Gandapur’s brother, said on X.

Zarwali Khan, Gandapur’s secretary, also told Arab News the CM was in Peshawar, the provincial capital. 

Earlier, PTI Spokesman Zulfi Bukhari had said Gandapur has been “missing” since 7pm on Monday evening.

“It has now been confirmed that he has been abducted/arrested,” Bukhari wrote on X. “There is no element of a democracy left after this recent crackdown tonight.”

PTI’s Omar Ayub Khan, who is the leader of the opposition in the National Assembly, has posted that Gandapur was “being held incommunicado by the Federal Government/ Establishment after being invited for a cup of tea.”

“His security staff is not traceable, and their phones are powered off,” he said. “All this is being done because PTI and our Allies held a peaceful protest in Islamabad on 8th September.”

PTI held a major political gathering on the outskirts of the city demanding the release from prison of its founder, former Prime Minister Imran Khan, on Sunday. The gathering was largely peaceful but some supporters clashed with police en route to the gathering, in which a senior police official was injured, police said.

The government last week passed the Peaceful Assembly and Public Order Act, 2024, to “regulate” holding public gatherings in Islamabad, including by specifying timings for rallies and designating specific areas. The law has set three-year jail terms for participants of ‘illegal’ assemblies, with ten-year imprisonment for repeat offenders.

The Islamabad administration had allowed the PTI to hold Sunday’s rally from 4pm till 7pm but the gathering went on until nearly 11pm. 

“They were arrested due to violation of the new law, the Peaceful Assembly and Public Order Act, in PTI gathering on September 8,” Islamabad police spokesperson Taqi Jawad told Arab News, confirming the arrests of PTI leaders Gohar Khan, Shoaib Shaheen and Sher Afzal Marwat.




The screengrab taken from a video posted on PTI Gohar Khan's X shows Islamabad Police detaining Gohar Khan in Islamabad on September 10, 2024. (@BarristerGohar/X)

At Sunday’s rally, Gandapur had delivered a hard hitting speech directly taking on the all-powerful military and calling on it to put its house in order. 

“Fix your institution, fix your generals, fix yourself,” Gandapur said in a direct reference to the army.

Khan, jailed since last August, was ousted from the PM’s office in 2022 in a parliamentary vote of no confidence after what is widely believed to be a falling out with Pakistan’s powerful military, which denies being involved in politics. Since his removal, Khan and his party have waged an unprecedented campaign of defiance against the military. 

The ex-PM also faces a slew of legal charges and was convicted in four cases since he was first taken into custody, all of which have been either suspended or overturned by the courts. He remains in jail, however, on new charges brought by Pakistan’s national accountability watchdog regarding the illegal sale of gifts from a state repository while he was prime minister from 2018 till 2022.

The PTI says it has faced an over year-long crackdown since protesters allegedly linked to the party attacked and damaged government and military installations on May 9, 2023, after Khan’s brief arrest that day in a land graft case. Hundreds of PTI followers and leaders were arrested following the riots and many remain behind bars as they await trial. The military, which says Khan and his party were behind the attacks, has also initiated army court trials of at least 103 people accused of involvement in the violence.

The party says it was not allowed to campaign freely ahead of the Feb. 9 general election, a vote marred by a mobile Internet shutdown on election day and unusually delayed results, leading to accusations that it was rigged and drawing concern from rights groups and foreign governments.

The PTI says it won the most seats but its mandate was “stolen” by PM Shebaz Sharif’s coalition government which formed the government with the backing of the all-powerful military. Both deny the claim.


PM Sharif announces IMF approval of $1 billion disbursement to Pakistan under $7 billion deal

PM Sharif announces IMF approval of $1 billion disbursement to Pakistan under $7 billion deal
Updated 18 sec ago
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PM Sharif announces IMF approval of $1 billion disbursement to Pakistan under $7 billion deal

PM Sharif announces IMF approval of $1 billion disbursement to Pakistan under $7 billion deal
  • The prime minister expresses satisfaction India’s ‘efforts to sabotage’ the loan program had failed
  • He says Pakistan’s economic situation is improving and it is moving toward financial progress

KARACHI: The International Monetary Fund (IMF) approved a $1 billion disbursement for Pakistan under a loan program secured by the government last year, Prime Minister Shehbaz Sharif said in an official statement late Friday.

The announcement followed an IMF Executive Board meeting to finalize staff-level agreements related to the $1 billion payout, as well as Pakistan’s new $1.3 billion arrangement under a climate resilience facility approved in March.

The meeting took place at a time when Pakistan is working to revive investment amid a gradually stabilizing macroeconomic environment, following a prolonged downturn that compelled it to seek external financing from allies and global lenders.

“Prime Minister Shehbaz Sharif expressed satisfaction over the IMF’s approval of the $1 billion tranche for Pakistan and the failure of India’s underhanded tactics against the country,” his office said in a statement issued after the board’s decision.

Media reports said recently India had attempted to pressure the IMF to block the disbursement, citing heightened military tensions between the two neighbors following a deadly April 22 attack in Indian-administered Kashmir that left 26 tourists dead.

New Delhi blamed Islamabad for the assault, an allegation Pakistani officials repeatedly denied.

Sharif said international financial institutions had “responsibly rejected” India’s narrative and reaffirmed their trust in Pakistan’s economic strategy.

“Indian efforts to sabotage the IMF program have failed,” he said, adding the disbursement would help stabilize the economy and steer it toward long-term recovery.

He praised Deputy Prime Minister and Foreign Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb and other members of the government’s economic team for their role in securing the funds.

Pakistan has been working to broaden its tax base, improve energy sector efficiency, and unlock private sector growth as part of its reform commitments under the $7 billion IMF loan program.

“By the grace of God, the country’s economic situation is improving, and Pakistan is moving toward progress,” Sharif said. “The government remains committed to tax reforms, energy sector improvements and private sector development.”

He reiterated that Pakistan would stay the course on economic stabilization, effective performance and long-term planning.

The IMF funding approval comes at a critical time for Pakistan, as it seeks to reassure global investors and shore up foreign exchange reserves amid geopolitical instability and upcoming budget negotiations.


Pakistan accuses India of targeting civilians along Kashmir border amid intensifying hostilities

Pakistan accuses India of targeting civilians along Kashmir border amid intensifying hostilities
Updated 09 May 2025
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Pakistan accuses India of targeting civilians along Kashmir border amid intensifying hostilities

Pakistan accuses India of targeting civilians along Kashmir border amid intensifying hostilities
  • Army spokesperson says Pakistan has limited its response to Indian military posts across the LoC
  • He denies Indian claims Pakistan launched large-scale drone and missile attacks across the border

ISLAMABAD: Pakistan’s military on Friday accused India of deliberately targeting civilians along the Line of Control (LoC), the de facto border in the disputed Kashmir region, as tensions between the two nuclear-armed neighbors escalated sharply this week.

Fighting between the South Asian rivals intensified after India carried out strikes on multiple locations in Pakistan on Wednesday, in response to a deadly April 22 attack in Indian-administered Kashmir that left 26 tourists dead. New Delhi blamed Islamabad for the attack, a charge Pakistan has denied.

In the days since, Pakistan has claimed to have downed five Indian fighter jets and over 75 drones, while India said it had retaliated against Pakistani air and drone assaults by destroying an air defense system in Lahore.

The cross-border violence also had a devastating impact on civilians living along the LoC, with both sides trading heavy fire over the past two days.

“Pakistan has been receiving the Indian artillery shelling,” the military’s spokesperson, Lt. Gen. Ahmed Sharif Chaudhry, told Türkiye’s TRT World in an interview.

“Unfortunately, they are targeting, deliberately targeting, the civilians,” he continued. “Pakistan is now firing on the posts from where the [Indian] artillery and the military are firing. We are concentrating and putting our fire only on military targets.”

Chaudhry said Pakistan’s response was defensive and restrained, limited to small arms fire against Indian military positions.

He also denied New Delhi’s claims that Pakistan had launched large-scale drone or missile attacks across the international border, calling them “fabrications” designed to fuel a “media frenzy.”

“Since last night, they [India] have created a media blitz that Pakistan has launched drones, aircraft and a massive attack across the international border,” he said, adding: “In 21st century warfare, everything has an electronic signature. If there have been attacks with missiles from the Pakistani side, there has to be an electronic signature.”

Chaudhry further accused India of “gagging” international and domestic media as well as controlling digital platforms, saying it was using its new organizations to spread disinformation hour after hour.

The LoC has long been a flashpoint between India and Pakistan, both of which claim the disputed Kashmir region in full but control only parts of it. The latest hostilities mark one of the most serious flare-ups in decades.


Pakistani stocks surge sharply on IMF optimism, hopes of easing India-Pakistan standoff

Pakistani stocks surge sharply on IMF optimism, hopes of easing India-Pakistan standoff
Updated 09 May 2025
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Pakistani stocks surge sharply on IMF optimism, hopes of easing India-Pakistan standoff

Pakistani stocks surge sharply on IMF optimism, hopes of easing India-Pakistan standoff
  • The benchmark KSE-100 index rose 3,647.82 points, or 3.52 percent, to close at 107,541.45
  • India-Pakistan tensions triggered about 12 percent market decline between April 23 and May 8

KARACHI: The Pakistan Stock Exchange (PSX) rebounded sharply on Friday, climbing over 3,500 points, as investor sentiment improved ahead of an International Monetary Fund (IMF) Executive Board meeting and what some analysts described as easing tensions between Pakistan and India.

The benchmark KSE-100 index recovered 3,647.82 points, or 3.52 percent, closing at 107,541.45, after a historic plunge of 6,482 points on Thursday, the largest single-day drop in the index’s history, triggered by fears of an escalating conflict between the two nuclear-armed neighbors.

"The recovery was on account of optimism on IMF Executive Board meeting scheduled to consider Extended Fund Facility (EFF) program, where market expects smooth approval," Topline Market Review said after the end of trading. "Overall decline in cross border hostilities also provided stimulus to investor sentiment."

The EFF, a $7 billion loan program secured by Pakistan in September last year, is aimed at stabilizing the country's economy through structural reforms and fiscal consolidation.

While Pakistan’s authorities say macroeconomic indicators have improved in recent months, they view the IMF support as critical for sustaining gains and transitioning toward growth.

Some analysts also linked the improved investor confidence to what they described as a gradually easing geopolitical situation between India and Pakistan.

"Stocks staged sharp recovery as investor eye de-escalation in Pakistan-India tensions after US appeal for end to violence," Ahsan Mehanti, the Chief Executive Officer of Arif Habib Commodities, told Arab News.

Raza Jafri, the head of Intermarket Securities, said any de-escalation could extend the positive stock market trend.

"Institutional value buying, especially in blue-chip high dividend yielding stocks, saw the KSE100 rebound today," he added.

Tensions between India and Pakistan spiked this week after New Delhi launched missile strikes on multiple locations in Pakistan, blaming Islamabad for a deadly April 22 attack in Indian-administered Kashmir that killed 26 tourists. Pakistan has denied involvement.

The crisis triggered a 12 percent decline in the Pakistani market from April 23 to May 8.

The geopolitical unrest posed a major challenge for Prime Minister Shehbaz Sharif’s efforts to stabilize the economy, which depends on a number of factors including increased foreign investment, exports and revenue generation.


Pakistan’s remittances hit record $31.2 billion in current fiscal year, led by Saudi inflows

Pakistan’s remittances hit record $31.2 billion in current fiscal year, led by Saudi inflows
Updated 09 May 2025
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Pakistan’s remittances hit record $31.2 billion in current fiscal year, led by Saudi inflows

Pakistan’s remittances hit record $31.2 billion in current fiscal year, led by Saudi inflows
  • PM Sharif praises overseas Pakistanis for supporting the country’s economic recovery
  • Central bank projects remittances to reach $38 billion by end of current fiscal year

KARACHI: Prime Minister Shehbaz Sharif on Friday lauded the contribution of overseas Pakistanis as workers’ remittances surged to a record $31.2 billion during the first ten months of the current fiscal year, with Saudi Arabia emerging as the top source of inflows.

According to data released by the State Bank of Pakistan (SBP), remittances rose by 30.9 percent during July-April FY25 compared to $23.9 billion received in the same period last year.

In April alone, Pakistan received $3.2 billion, showing a 13.1 percent year-on-year increase. The inflows were mainly sourced from Saudi Arabia ($725.4 million), United Arab Emirates ($657.6 million), United Kingdom ($535.3 million) and the United States ($302.4 million).

“Prime Minister Shehbaz Sharif expressed satisfaction over a 31 percent increase in remittances during the first 10 months of fiscal year 2025 compared to the previous year,” a statement issued by his office said.

“Remittances reaching a record level is a reflection of the confidence of overseas Pakistanis in government policies,” it quoted him as saying.

Remittances form a vital pillar of Pakistan’s external sector, helping stabilize the current account, fueling domestic consumption and easing the country’s reliance on external borrowing.

Earlier this year, in March, the SBP recorded an all-time monthly high of $4.1 billion in remittance inflows, driven by seasonal factors and improved formal channel usage.

Pakistan has focused on boosting exports and remittances in recent years as part of broader efforts to strengthen its external sector and address economic vulnerabilities.

The central bank has also revised its FY25 remittance projection upward from $36 billion to $38 billion, citing current trends.
 


Pakistan PM condemns Indian strikes on civilians, praises Saudi push for de-escalation

Pakistan PM condemns Indian strikes on civilians, praises Saudi push for de-escalation
Updated 40 min 29 sec ago
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Pakistan PM condemns Indian strikes on civilians, praises Saudi push for de-escalation

Pakistan PM condemns Indian strikes on civilians, praises Saudi push for de-escalation
  • Shehbaz Sharif tells Adel Al-Jubeir Pakistan is determined to defend its sovereignty against India
  • The Saudi minister calls for peaceful resolution of issues between the South Asian nuclear states

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday condemned India’s missile and drone strikes against Pakistan that killed civilians this week while appreciating Saudi diplomatic efforts to de-escalate tensions with its nuclear neighbor in a meeting with the Kingdom’s Minister of State for Foreign Affairs Adel Al-Jubeir.

The Saudi minister’s daylong visit follows India’s military strikes inside Pakistan in response to a gun attack in the disputed Kashmir region that left 26 tourists dead, with New Delhi blaming Islamabad for the incident, though Pakistani authorities have repeatedly denied any involvement.

With the two archrivals teetering on the edge of a full-scale war, the United States announced on Thursday that Secretary of State Marco Rubio had discussed regional de-escalation with Saudi officials.

The same day, Al-Jubeir made a surprise stop in New Delhi for talks with Indian officials before arriving in Pakistan on Friday.

“While discussing the prevailing situation in South Asia [with the visiting dignitary], the Prime Minister strongly condemned India’s missile and drone strikes against Pakistan that had resulted in the martyrdom of scores of innocent civilians, including women and children, as well as damage to civilian infrastructures,” said a statement issued by his office after the meeting.

“He said Pakistan was fully determined to defend its sovereignty and territorial integrity, in accordance with Article 51 of the UN Charter,” it added. “He appreciated the Kingdom’s diplomatic efforts to de-escalate the situation and bring peace in the region.”

Sharif conveyed warm regards to Salman bin Abdulaziz and Crown Prince Mohammed bin Salman and expressed satisfaction at the positive trajectory of Pakistan-Saudi relations.

He also maintained that India’s “unprovoked and unjustified acts of aggression” had violated Pakistan’s sovereignty and territorial integrity and seriously endangered regional peace and stability. 

The statement said Al-Jubeir offered condolences over the loss of civilian lives and said the Kingdom was “deeply concerned” about the current situation in South Asia.

He reiterated Saudi Arabia’s call for de-escalation and the peaceful resolution of disputes between Pakistan and India in accordance with international law.

Saudi Arabia and Pakistan share close diplomatic and strategic relations.

The Kingdom has extended significant support to Pakistan during prolonged economic challenges faced by Islamabad in recent years, including external financing and assistance with International Monetary Fund (IMF) loan programs.

Saudi Arabia has also contributed to global peacemaking efforts by hosting talks and mediating prisoner exchanges between Russia and Ukraine.